Effective September 21, 2017, most of the provisions contained in the Canada-European Union Comprehensive Economic and Trade Agreement Implementation Act, including those provisions amending the Investment Canada Act...

On July 15, 2013, Prime Minister Stephen Harper appointed the Honourable James Moore as Minister of Industry. As Industry Minister, Mr. Moore will be responsible for approving foreign non-cultural investment proposals under the Investment Canada Act.

Yesterday (December 7, 2012), Canada’s Industry Minister announced that he had approved, under the Investment Canada Act, the proposed acquisitions by CNOOC, a Chinese stated-owned enterprise ("SOE") of Nexen, an oil and gas company with significant oil sands assets, and Petronas, a Malaysian SOE of Progress Energy, a natural gas producer.

Bill C-38, the Jobs, Growth and Long-term Prosperity Act, which was given first reading on April 26, 2012, contains a proposed amendment to the Investment Canada Act to allow the Industry Minister to publicly disclose the fact that he has sent a preliminary notice to a foreign investor that he is not satisfied that the foreign investor’s proposed investment is likely to be of net benefit to Canada.

During a September interview with Bloomberg Business, Canada's Prime Minister Stephen Harper provided additional insight into the role that the regulation of foreign investment will continue to play in Canada and, in particular, as to how the "Investment Canada Act" will be administered by his majority government.

The Competition Bureau recently announced that Bell Canada had, in a consent agreement filed with the Competition Tribunal, agreed to stop making what the Bureau had concluded were misleading representations about the prices offered for some of Bell Canada's services.

While the proposed Canada Consumer Product Safety Act (Bill C-52) and the corresponding amendments to the Food and Drugs Act do not provide for the extraction of teeth by non-qualified health practitioners, presumably without the benefit of an anaesthetic, Canadian businesses, including their officers, directors, agents and "mandataries", will risk penalties that are potentially equally as painful to their pocketbooks if they fail to comply with the new consumer product safety regime when implem

When the Prime Minister, during a pre-Christmas visit to a Salvation Army toy depot, announced the Canada Consumer Product Safety Action Plan, a lot of people would have assumed that the government’s Plan was directed at the safety of consumer products such as toys. And, given the rash of toy recalls for lead paint content that had occurred during 2007, they’d have been right. But the government’s Plan is so much more than that as evidenced by Bill C-52 which was introduced in April, 2007.

Legislation to enact the Canada Consumer Product Safety Act and complementary amendments to the Food and Drugs Act, two key components of Canada’s new Food and Consumer Product Safety Action Plan, was tabled in the House of Commons earlier this month.

In our October 2007 Bulletin, we reported that the Honourable Jim Prentice, Minister of Industry, had announced in a speech to the Vancouver Board of Trade that he intended to deal with the issue of national security in the context of foreign investment in Canada and that he would also be addressing specifically the issue of investment in Canada by state-owned enterprises ("SOEs").

In 1985, the Investment Canada Act (“ICA”) was enacted, replacing the Foreign Investment Review Act.
The enactment of the ICA ushered in a period, which continues to this day, in which foreign investment has been welcomed in all but a few protected sectors.